Wednesday, Feb 13, 17:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the close
- Webinars VIDEOS: Watch Live Coverage of the US GDP by Jerry Furst
- World Premiere: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- Global Chartbook: February 2008 by Wachovia
- 2008 Forex Market Predictions by Forex.com
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Feb 13, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Feb 14, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 13, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Feb 14, 10:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN |  |
| Thu, Feb 14, 11:00 GMT | What Moves Currencies? − USD outlook − Free Access Day | Tony Juste | WBN |  |
| Thu, Feb 14, 12:00 GMT | Trading Range Bound and Trending Market Conditions − Free Access Day | Adam Rosen | WBN | |
| Thu, Feb 14, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Rallies on Retail Sales Surprise by ActionForex.com
USD/JPY surges sharply in early US session and break of 107.89 resistance indicates that corrective rebound from 104.96 has resumed. At this point, intraday bias remains on the upside as long as 107.46. The corrective rise from 014.96 is expected to extend further to 108.36171 (38.2% retracement of 114.77 to 104.96 at 108.71 & 100% projection of 104.96 to 107.89 from 105.68 at 108.61) before completion.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
FXA Column − FXA February 12, 2008 by FXA
Top Market Movers Preview
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Feb 14 | 07:00 | Gross Domestic Product s.a (QoQ) | 0.3% | 0.7% |
| Feb 14 | 07:00 | Gross Domestic Product n.s.a (YoY) | 1.8% | 2.4% |
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
German GDP will probably have increased by 0.3% quarter−on−quarter at the most in Q4 2007. Output in the producing sector only grew moderately and retail sales decreased. On 14 February, Destatis (the German Federal Statistical Office) is publishing a "flash release" on German GDP.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 15:00 | Business Inventories | 0.6% | 0.4% | 0.4% |
DATA SNAP: US Inventories Up More Than Expected In Dec (Dow Jones)
U.S. business inventories grew a little more than expected in December as sales tumbled, a sign of involuntary buildup of unsold goods on store shelves amid the economic slowdown.
[ Full Story ]- Read the Business Inventories data at Commerce Department
- US December business inventories up 0.6%, sales drop 0.5% (Thomson Financial News)
- US business inventories increase larger than expected in December (FXstreet.com)
- US Business Inventories rise 0.6% in Dec from 0.4% in Nov (FXstreet.com)
US economic indicators - The trade deficit could have narrowed in December by BHF−Bank
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 13:30 | Retail Sales ex Autos (MoM) | 0.3% | 0.2% | -0.3% |
| Feb 13 | 13:30 | Retail Sales (MoM) | 0.3% | -0.2% | -0.4% |
DATA SNAP: US Jan Retail Sales Unexpectedly Climb (Dow Jones)
U.S. retail sales unexpectedly climbed in January, given a boost by demand for cars and gasoline in a positive sign for the economy.
[ Full Story ]- Read the Retail Sales data at Commerce Department
- UPDATE:U.S. January retail sales up 0.3% vs 0.3% drop expected, ex−autos up 0.3% (Thomson Financial News)
- Dollar Hits 4−Week High Versus Yen After Retail Data (Dow Jones)
- ECONOMIC REPORT: Jan Retail Sales Up Better−Than−Expected 0.3% (Dow Jones)
US: Retail sales softer than you might think by Danske Bank A/S
Forex Trading Strategies - US Retail Sales on tap by Saxo Bank
Daily Forex Technical Report − Focus on BoE Quarterly Inflation Report and US Retail Sales by ActionForex.com
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4564
02/13/2008 16:13 GMT - GBP/USD
- Trades around opening price level 1.9595 , above pivot level 1.9557
02/13/2008 16:13 GMT - USD/CHF
- Back around second resistant level 1.1073
02/13/2008 16:14 GMT - USD/JPY
- Trades below third resistant level 108.37
02/13/2008 16:14 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 13 | 14:40 | EMU | ECB's Trichet Speech | |||
| 15:00 | US | Business Inventories (Dec) | 0.6% | 0.4% | 0.4% | |
| 23:50 | JP | Gross Domestic Product (QoQ) (4Q)  | 0.4% | 0.4% | ||
| 23:50 | JP | Gross Domestic Product Annualized (4Q) | 1.7% | 1.5% | ||
| Feb 14 | 00:00 | AU | Unemployment Rate (Jan) | 4.3% | 4.3% | |
| 00:30 | AU | Employment Change (Jan) | 15.0K | 20.1K | ||
| 04:00 | JP | BoJ Monetary Policy Meeting | ||||